Canada’s biggest cannabis company makes $321M acquisition to boost production

Canopy Growth Corp., the largest company in Canada’s rapidly developing marijuana industry, agreed to buy competitor Mettrum Health Corp. for about C$430 million ($321 million) to expand production as the government moves toward legalization. The all-stock deal values Mettrum at C$8.42 a share, the companies said Thursday in a statement, representing a 42 percent premium…